Socket Mobile CEO Discusses Q3 2010 Results - Earnings Call Transcript
Socket Mobile, Inc. (SCKT)
Q3 2010 Earnings Conference Call
October 27, 2010 5 PM ET
ExecutivesJim ByersKevin MillsDave DunlapAnalystsPaul Bernstein [ph] – Black DiamondSue Fidel [ph] – Private InvestorSteve Swanson [ph] – Private InvestorPresentation
OperatorGreetings and welcome to the Socket Mobile Third Quarter 2010 Management Conference Call. (Operator instructions)It is now my pleasure to introduce your host, Jim Byers, MKR Group. Thank you, Mr. Byers, you may begin.
Previous Statements by SCKT
» Socket Mobile, Inc. Q2 2010 Earnings Call Transcript
» Socket Mobile, Inc. Q1 2010 Earnings Call Transcript
» Socket Mobile, Inc. Q4 2009 Earnings Call Transcript
» Socket Mobile, Inc. Q3 2009 Earnings Call Transcript
Socket Mobile distributed its earnings release over the wire service at the close of the market today. The release has also been posted on Socket’s website at www.socketmobile.com. In addition, a replay of today’s call will be available at vcall.com shortly after the call’s completion, and a transcript of this call will be posted on the Socket website within a few days.
We have also posted replay numbers in today’s press release for those wishing to replay this call by phone. The phone replays will be available for one week.
Before we begin, I would like to remind everyone that this conference call may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. Such forward-looking statements include, but are not limited to, statements regarding mobile computer, data collection and OEM products, including details on timing, distribution and market acceptance of products, and statements predicting trends, sales and market conditions and opportunities in the markets in which we sell our products.
Such statements involve risks and uncertainties and actual results could differ materially from the results anticipated in such forward-looking statements as a result of a number of factors, including, but not limited to, the risk that our new products may be delayed or not rolled out as predicted, if ever, due to technological, market, or financial factors, including the availability of necessary working capital; the risk that market acceptance and sales opportunities may not happen as anticipated; the risk that our application partners and current distribution channels may choose not to distribute the products or may not be successful in doing so; the risk that acceptance of our products in vertical application markets may not happen as anticipated; and other risks described in our most recent Form 10-K and 10-Q reports filed with the Securities and Exchange Commission. Socket does not undertake any obligation to update any forward-looking statements.
With that said, I would now like to turn the call over to Socket’s CEO, Kevin Mills.
Kevin MillsThanks, Jim, and thank you for joining us today. Our third quarter revenue of $3.4 million reflects record quarterly sales of our SoMo handheld computer along with improve sales of our cordless scanning products, offset by reduced sales in our legacy businesses.
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